Beypore agreed

The government of Kerala in south India is expected to sign a 30-year concession agreement next month with Parissons Group for the development and operation of Beypore port on a build-operatetransfer basis (see WorldCargo News January 2005, p9).

Kerala’s ports department said it was setting up a special purpose company to participate in the equity of Beypore along with Parissons Group, but it is not clear what that equity share will be. Officials said the state government had invested a considerable amount in building breakwaters and a berth at Beypore and that will be regarded as its payment for the equity....

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This complete item is approximately 265 words in length, and appeared in the July 2005 issue of WorldCargo News, on page 14.

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